Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    224 Bala Ave Bala Cynwyd, PA 19004-2920
    Back to Search
    Property profile & analytics

    224 Bala Ave, Bala Cynwyd, PA 19004-2920

    View on Map
    • Investment properties
    • 4,636 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US73-1920315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mad Lashed LLC / Hair Salon / Nail Salon
    • Shine Hard Beauty / Hair Salon / Nail Salon
    • Brielle & Co. Salon / Hair Salon / Nail Salon
    • PKay School of Dance & Music / Vocational School / Training Center
    • Beautiful Secrets / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 224 Bala Ave

    Year built
    1929
    Lot size
    0.07 lot acres
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    40-00-03432-00-2
    APU
    400003432002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2004 — Madelyn Heyman Heyman,roy Quit Claim Deed · related —
    — — Madelyn L Heyman — Deed Of Trust · related $102k · Citizens Federal Bank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bala Cynwyd
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2324
    Latitude
    40.0057
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,786
    $156,470
    $77,860
    $234,330
    -
    $156,470
    $77,860
    $234,330

    Comparable in this City

    • Value Estimation by Request
      3,425 SF

      106 Ashland Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      106 Ashland Ave, Bala Cynwyd, PA 19004-1902
      View Details
    • Value Estimation by Request
      1,347 SF

      102 Bala Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      102 Bala Ave, Bala Cynwyd, PA 19004-3003
      View Details
    • Value Estimation
      $2,280,000
      4,937 SF

      501 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      501 Belmont Ave, Bala Cynwyd, PA 19004-1302
      View Details
    • Value Estimation by Request
      2,468 SF

      211 Frd Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      211 Frd Rd, Bala Cynwyd, PA 19004-2807
      View Details
    • Value Estimation by Request
      5,966 SF

      41 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      41 Highland Ave, Bala Cynwyd, PA 19004-2925
      View Details
    • Value Estimation by Request
      2,160 SF

      302 Levering Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      302 Levering Ml Rd, Bala Cynwyd, PA 19004-2809
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Bala Cynwyd

      Mixed-use property with commercial and residential spaces in Bala Cynwyd.
      128 Bala Ave, Bala Cynwyd, PA 19004
      View Details
    • Contact for pricing

      Mixed-Use Property in Bala Cynwyd

      Mixed-use property in Bala Cynwyd's Main Line area.
      124 Bala Ave, Bala Cynwyd, PA 19004
      View Details
    • $350,000

      Dental Suite in Bala Cynwyd

      Professional dental suite in a sought-after medical corridor.
      191 Presidential Blvd, Bala Cynwyd, PA 19004
      View Details
    • New
      $1,500,000
      4,082 SF

      Triplex with Detached Garage

      Fully occupied triplex with three leased units and a separately rented garage plus tenant-paid utilities.
      115 Montgomery Ave, Bala Cynwyd, PA 19004
      View Details
    • $5,000,000

      Presidential Boulevard Office Space Available

      Office space for sale with long-term tenant leases.
      126-130 N Presidential Blvd, Cynwyd, PA 19004
      View Details
    • $105,000
      0.26 Acres

      Four Parcels of Land Together

      Four adjacent land parcels for sale in Bala Cynwyd.
      Penn Ave, Bala Cynwyd, PA 19004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Freestanding Building Available

      Mixed-use property suitable for medical, retail, office, or warehouse.
      232 Rock Hill Rd, Bala Cynwyd, PA 19004
      View Details
    • Sponsored
      Contact for pricing

      Monument Road

      Discover many ways to work your way in Monument Road
      150 Monument Rd, Bala Cynwyd, PA 19004
      View Details
    • Contact for pricing
      1,152 SF

      Retail/Office Space in Bala Cynwyd

      Ground floor retail/office space in Luxor Lifestyle Apartments.
      9 Presidential Blvd, Bala Cynwyd, PA 19004
      View Details
    • Contact for pricing
      2,950 SF

      Office Space in Bala-Cynwyd

      2950 SF office space available for lease.
      25 Bala Ave, Bala Cynwyd, PA 19004
      View Details
    • Contact for pricing
      1,194 SF

      Main Line Retail Space Available

      Neighborhood retail space on Philadelphia’s Main Line for rent.
      10 Montgomery Ave, Bala Cynwyd, PA 19004
      View Details
    • Contact for pricing
      5,400 SF

      Bala Cynwyd Office Space

      New office space near City Line with furniture available.
      50 Monument Rd, Bala Cynwyd, PA 19004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224 Bala Ave
    Bala Cynwyd, PA 19004-2920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    224 Bala Ave, Bala Cynwyd, PA, 19004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!